Page 1 of Feb 24 1961 Issue of Mount Pleasant News in Mount Pleasant, Iowa

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Mount Pleasant News (Newspaper) - February 24, 1961, Mount Pleasant, Iowa The it. Pleasant news j of to vol. 8.�?Tl, no. 16 two sections it. Pleasant Iowa Friday evening Ferri Ary 21, 1961 these Days by George e. Sokolsky More on Money the organisation of Tho Federal Reserve system was Mon entails in american economic history. The currency p Roble in had bothered the United states since the founding of the nation. There were times when there was no system at All local Banks were issuing currency a Ltd sometimes Money became so tight that 125 per cent was paid for Call Money. From time to time Banks failed and the depositors lost All that was put into them. In 1906, when the country was moving toward a financial panic Jacob la Schiff one of the most Brilliant minds Ever to come to Wall Street warned that unless the currency of tile country Wert reformed a panic of major dimensions would ensue. Tik1 panic of1907 duly arrived and it was a j Dilly it started with the run on i the Knickerbocker Trust company in new York when a run on a Bank of Vood repute starts anxiety appears throughout the country. Tins was a currency panic the Banks simply did not have enough Money on hand to meet the demands of their customers it was during this panic that j. P. Morgan asserted his leadership in american finance lie in effect ordering the Banks to obey his dictum and pulling the country through from that moment on it became obvious that the currency of this country would have to be systematized in 1913. The Federal Reserve system was organized and All Banks were one might say in a Mutual self protective association. However the Federal Reserve system can Only function to absolute advantage if the Economy of the country is sound and its currency secure. Knoxville Bank president dead Survey of feed Grain starts soon a presidential message has been sent to Congress requesting feed City contracts with tree experts Faical citizens May engage firm in Elm disease fight Congress receives requests Fri reports shortage in the Bank tile City of it pleasant a. Washington it up a Congress Grain legislation i or 1961. In order1 entered into a contract with the persons in Terr Ted in obtaining to carry out a 1961 feed Grain pro a Vav tree expert co for a to the civic May Contact mayor Gram it will be necessary to make Carr and praying program in the Wade my be la or h f. Or or ran a farm by farm Survey to obtain it Effort to combat po., spread of chairman Utti tree committee. 1959 and 1960 crop history. Township committeemen will be dutch Elm disc a. It in add Ion to lir care of it Ity making this Survey starting March Trees provision is made for private Bill and completing it by March 21. Citizens Alo to have the Servier of since they have a very limited the company at stip Laud hourly time it will help them if you have costs which Ai to by paid by the your crop acreage figured. They will citizens engaging the work need to know the number of acres of each crop produced for each year or private citizens the of 1959 and 1960. I Davey company will furnish tree representatives from Henry coun climbers on the basis of four spread to Aso office will attend a District i dollars an hour truck and equip Knoxville Iowa a up i which has been working on Prest president of Ulp Community dont Kennedy-., Antt Musmon pro-1 Nasonal Bank and a Trust co Pas. Received More admin. A. Kanrr him we nth 1 a a us Mon legislative requests today. They concerned the Gold situation and health plans. Tile president sent Congress proposed legislation which would Cut the tourist duty allowance trimming and a nerd improvement i from w a ,100 ,5 a a expected my vol Quot Quot by no opposition his body could be found a author Wood in an Mort to prevent it. Since Republic Aris and dem tics sail. have agreed one Way to halt the Drain on u. S. Gold re-1 serves is to Cut Down on tile i ii hairy company to a to i t n i. Pleasant in Maich 6 their work will consist of in an Effort to prevent possible the Start of dutch Elm disease Here and if it should be found Here to try to prevent its Way of an empty House today after a a substantial Quot shortage Wras turned up in tile Banks funds. Bank president Eldon l Job committed suicide after leaving notes addressed to the Bank examiners and a son. Telling where meeting in Ottumwa to receive further instructions on this new program. My Mem refugee rescued from raft Jesus Rafael Saavedra 23, a cuban who fled from Castro in a stolen crop dusting plane which crashed in the Ocean is shown top As he was Given emergency treatment in Miami Fla. Adrift for seven Days in a shark ringed makeshift raft Bottome was rescued by a coast guard Cutter some three Miles off the Florida coast. The Pilot of the Piper p-18, in which they made their dash for Freedom was drowned. He swam to a tiny Island found an Oil drum and inched it to Driftwood. He was sighted astride drum airlines returning to Normal ment at $1.25 an hour Cham saws at $2.50 an hour for actual us time picking up and hauling of limbs to the City dump Ai $3 an hour furnishing of spraying equip spraying is effective Only during a be Tain period and the Davey company will by prepared to do spraying through that period. The City is employing the firm for trimming and treating of Trees or. Yme Sloter Dyk the county medical examiner Aid Job tied a piece of rope to the railing of the amount of goods to it Tate can bring attic tal Way and stopped off the Back from abroad. Steps Kennedy also sent a proposed Bill to exempt Banks from u. S they foreign Central taxes on interest. Government obligations on a non ment. Materials and the like shall on City owned properly such As the1 commercial business Parks. Not exceed $5 a tree there was no immediate word on the amount of the shortage al rec ivc from holding u. S. Though the Fri at Omaha said it was it was the third Bank shortage he had out six new York a up a airlines cleared to resume opera j tons by the settlement of the1 worst airlines strike in history to-1 Day recalled thousands of Laid off recall stories about indians Iii Henry bunty sen. Vance on sifting committee met jines up it i gov. W l Mooty today appointed 13 me tube is to the powerful Senate shifting committee. The committee consists of to much interest is being evidenced in the county wide historical Sci in Hans and _3 democrats meeting to be held at Swedesboro John f. Graff John Frederick Graif 90, of Lockridge died thursday morning at Burlington Hospital. Born Sarah Dutt Weik the Federal Reserve Bank in effect amounts to a centralization of reserves. Over the regional fed Era i Reserve Banks is a Federal j a a i pcs til Reserve Board. Every National Bank j must and state Trust companies. A a a May contribute to the capital of j the Federal Reserve Bank in its i District. The Federal Reserve sys tem is not a Central Bank in the i european sense but it serves to mobilize and control credit and it j can put a Brake upon a political i Treasury which might stimulate inflation. J surviving Are his wife six Chil since its organization in 1913.jdren, mrs. Harold Esther Schad. This country has gone through two Rock Island 111, mrs. Marshall major wars a depression in depth. J. Ruth Sharpe. Lockridge mrs. A continuing military and eco Earnest Gertrude Sharpe new nominally expense o p e r a t i o n i London mrs Allen Elie Shank called the cold War. A faulty Gold mrs. Carroll Bernice Burnham policy since 1933�?and its currency and Frederick Graff All of burling has thus far survived every attack ton four grandchildren and three although at this moment As in the great grandchildren. Two Brothers period Between 1929-1934, it is in and three Sisters died previously serious peril j funeral services will be at lock a a a Ridge Baptist Church at 2 o clock the London economic Confer saturday afternoon. The Rev. C h 0ncc of tin Tongue of nations Vas up tors will interment will to in Lockridge propose 3c sales tax employees and Sixl toward i restoration of full service. The Parish Hall sunday fib. 26th. The meeting will Start with a covered i dish dinner at 1 00 and the pro majority Fader j Kendall Lynes a pie int a Das chairman. include sen. C m. Vance it pie usant. Lined such an idea in his message Case in Iowa in recent weeks to Congress giving ways in which starting with the staggering $2,126,-foreign Money would be attracted 859.10 Sheldon National Bank pm to the United states. I be a element. On Tho Domestic front tile pres-1 Job 58, a pillar of this common i Ideal transmitted two proposed Ity of 7.817 for the past generation Bills to carry Cut his Hen 1th pro was a prune figure la both of the Gram. These would provide fed local Banks. Eral scholarships for medical and one son was a vice president of dental students and would set up the Community National which the Grants for teaching and research elder Job headed and the other i facilities. Was a vice president of the other a Bank a the Iowa state savings i Bank. One airline a pan american 8ani is scheduled for 2 00. World airways a said ifs opera-1 Many residents of three Twenty Des Moines up Republican senators six Short of a j ii in 20. A Quot Ltd a farm constitutional majority late thurs Ort tea.-1 of Lockridge he was he j Clay proposed an increase in tile on of Frederick and Wilhelmina state and use taxes to 3 per Graff he was married in 1894 to to provide an estimated $72 called in 1933. Its Agenda said a in the Lehi of monetary and credit policy the objective must be the i store Ion of an effective International monetary Standard to which the countries which have abandoned the old Standard can wisely adhere. Each government must of course remain free to decide when and under what cond c. 1/1/1 tons it could adopt such a stand Doc Clos al a Jav i Aid. There Are a great number cemetery. The family will receive friends j Friday evening at the we or cookes i Funchal Home. Karin Reiner million annually for state Aid to schools. The measure is identical to one which has been under study by the House tax res vision committee. They would merely double the amount of Tate Aid to schools. The senatorial group headed by sen. Irving d Ding. A Manchester said the measure would boost the present 2 per cent sales and use tax to 3 per cent and earmark half of the entire Revenue from the 3 per cent Levy to school Aid it Abo would earmark one third of All personal and corporate income bikes for school Aid. The use tax would re main at 2 per cent on motor vehicles trailer.-. And accessories. That portion of tons already were Back to nor-1 Northern townships still remember Mal. The others said they expect stories of Friendly relations with cd substantial operations today i the indians who still live d in this but that it would be several Days a part of Henry county chief was a before All flights were in the air. Elio at one time camped on Crook-1 de Creek near Marshall now Wayland. A compiling the history of the i three townships arc Juanita Krauft Man mrs. Sam Miller and mrs Western airlines the seventh1 Mccosh almost All the 80.000 workers furloughed because of the six Day flight engineers walkout wire notified to report to work today. Rev. Becker Coni in to St. Michael a new remapping or. Sloter Dyk said Job hanged plans for Congress impel a the lf0,&Quot,of to t a size of your Little Finger a similar i w j 1i to a window Sash Cord about three arc introduced or four Yards Long he said Job left Home about 8 Des Moines up the first 8 m and apparently kiue<1 himself round of debate on congressional about 9 going to the involved in the dispute refused to Gaid Zickefoose redistricting was set As a special j order of business March 8 in the i Iowa House today. The reverend Arthur p. Becker of Sturgeon Bay wis., has accept Des Moines up a two congressional redistricting proposals wha a great cd the cad to by Recto ship of St. One 0j which fails to place both the niacin Michael s episcopal chinch it. Re in Orr or Inch. Democratic representatives in the same District were introduced in Bank. The body was found about to . But it was several hours before the news was made known As officials threw up a curtain of silence in the Case. Local sheriffs officers and the county attorney declined to say anything about the Case. They dismissed each inquiry with tile comment that All they had were and declined further join an agreement to refrain from Offrand Fath a Benjamin Zicke reprisals against the strikers and f00&c on 0f t in Fern settlers u.1 pleasant and will take up his do Call off lawsuits. There appeared j Wayne township remembers ties on april 16. 1jowa Senate thursday. Little Chance Western could re handed Down in their family a Tyr Becker who us 31 years they were among the 62 Bills inshore Normal service soon unless j concerning indian.-, who had a old was born and educated in reduced on the last Day which sen a a rumours it reversed its position that it Bas j regular summer Camp 011 crooked Stevens Point wis upon gradual at ors could propose individual 0. Comment fired its 130 strikers. Creek and mrs. Fred Gilyeart Stion from High school he served two sures. From now on All Bills will be the body of Job was taken to total Cost of the Trike to the family were distantly related to the years in the United states army in j sent to the chamber by commit a local funeral Home airlines Laid off workers resort i Hock Elters a the first residents of the military police and Rose to the tees. J a Bank examiner was at the areas and stranded travellers was 1 Scott township. J rank of assistant Provost sergeant j the unusual measure was pro Bank but he declined to comment estimated at $70 million or More. Tile program planned by Carl he attended Lawrence College in a a vol a a ,0.1 or even divulge his name. One Anderson general chairman Conway named to Board of control the unusual measure Wras pro attended Lawrence College in p0m.d by Sens. Frank Hoxie Ltd or even divulge Bis name. Re Appleton wis., from which he re Shenandoah and John Shoeman Bank spokesman said the Bank was counting the history of these three a lived his b a. Degree. His major in Atlantis. It leaves Boone coun townships will prove to be an in areas of work in College were eng to it the Home o democratic con cresting As Well As an informative Ash Alif. Music a 1 Ive in Campus Gressman Merwin cond in its pres afternoon. J life. Be Rose to student leadership ent 6th strict. 7hose interested in the in. Tory if As vice president of Phi my Alpha j the other democratic represent Walter j these three township hit cordially fun forms professional music Fra -1 Yurt a it a Smith remains in the a continuing business As he conceded however there had been a some Des Moines up the use tax is Alit allocated to j1. Conway the mayor of Muscatine j invited to attend both the covered Tensity and As president of Phi 5 District under the plan. W As nominated for a Short i Edtih dinner and the program. The Kappa Tau social fraternity Dur major change in the present the Road use tax fund and would continue to be channelled that Way today term on the state Board of control Community Wilt b Trig his senior year of economic As Well As financial conditions which must be fulfilled before the restoration of an International Gold Standard can be a practical possibility. Moreover it will be necessary to provide effective safeguards against such a restoration of the Gold Standard leading to a fresh the Gold Standard War not restored. Instead. Roosevelt a made the manipulation of the value of the currency an open and admitted instrument of Public policy. A from the Morgenthau diaries 1 of Jolt Morton Blum a politically currency remained an Issue during the whole of the Roosevelt admin is ration. Father Coughlin a roman Catholic priest in Detroit gained great popularity As a critic 1 of the fiscal policies of the coun try and particularly of the Federal Reserve Bank. His voice on the radio w is a great Force. Miss Karin Remer aps student from Gottinger Germany we As the guest speaker at the Jaycee meet org wednesday evening. Miss Riner who is living with the Stanley Looker family while in i it. Pleasant made some comparisons Between the schools climate and g Muraphy of the two countries Mong gave her impressions of life in the United states and told about her1 vote in House on judicial flan the by Des Moines up vote in the House thursday which the a Iowa plan for judicial Reform was passed 85-22, included meal. Gov. Norman a. Erbe submitted 1 the democrats name to the Senate for confirmation. The term expires june 30, 1963. Thus is tile Job for which Erbe previously nominated rep. A c. Hanson. A Inwood but was forced to withdraw Hanson s name because of a conflict with state Law which prevents two members of Wilkerson. Burlington went out of among republicans for 69 Rock the Board t0 comp from the Samc control on a curve four Miles North congressional District alignment furnishing the Coffee for the noon after a Yucai of business Iii the j which must be made because Iowa car leaves Road hits pole a Corvair driven by Bothie v Well Chalupa and Stephens a congressional District democrats for 16 Dodds however the appointment of the last legislative hurdle for Conway 56, to the Board paves the the measure was cleared after Way for Erbe to nominate Hanson of it. Pleasant on Highway 218 at 12 15 . Friday went into own family. She also spoke a nearly three hours of d oath in the or a regular six year term which Chicago office of Pillsbury Mills he loses a congressman on the basis j end red the general theological of the 1960 census is in the North j Seminary of the episcopal Church j pm part of the state. In new York City from which he the first District would lose Van i received his s. T. B. Degree in 1956. Buren county to the fourth. Upon ordination he was appoint a ii Voo to Christ the King Church. Bur a Geon Bay wis. Where he has served continuously until now. Regarded As i one of the outstanding Young priest.-. Of the diocese of fond do Lac he a completed during his incumbency a Parish building program including the american Gram. I us Reiner s Field service pro lower chamber. Would not go into effect until july i talk was greatly Dkl Sion was confined solely to 1 the term of George w. Calleniu.-. ,1 v. The Issue of whether the Bill Shoul Granville Board chairman and a enjoyed by All who were present for Una in m it a j j pass. Not a single amendment was Democrat expires june 30. Filed which could have delayed in Conway replaces former sen. The Fri at Omaha said All it could say was that a Quot substantial in shortage had been found at tile Bank. It declined to comment on How substantial the loss might be. It w As tile third Bank shortage Case in Iowa in recent weeks. On Jan. 16, the $2 million embezzlement of the Sheldon National Bank by mrs. Pumice Geiger the daughter of Hie Bank president was disclosed. Two weeks later on Jan. 30, a the other plan the ninth pre. Routine Bank audit turned up a sen Ted in the Senate tilts session shortage of about $54,924 at the was introduced by seven Republican Malvern Iowa Trust and Sav senators led by sen. George Scott jugs Bank arid drove the Bank a West Union. Cashier and vice president John e. I makes major changes Iii the Willard. 39, to commit suicide Eastern and Western congressional Willard. A 14-year Bank employee went Home when the Bank examiner arrived and killed himself t he plan tour of act mint of the measure for at least Gene l. Hoffman West Grove sub launched i two years. The i m led states bought Gold at $35 an ounce which was a Good Price when it was so fix cd. A this Price it came into Possession of most of the monetary Gold of the world a about $22,000,000,000 a which was placed in fort Knox for safekeeping the task of All the other nations was to come into Possession of Gold and this proved an extremely difficult task the Durn and after world War ii however United states i Harv expenditure.-, abroad military and economic As Well As the trend of americ an Industry to move jobs to european and Flat c manufacturing Center produce a Drain upon m ail Gold. In fad in courthouse Fob 28 Ottumwa Home destroyed by fire $75,000 damage the Henry county farm Bureau citizenship chairman mrs. Paul Anderson and her township chairmen have planned a tour of the courthouse tuesday feb 28. Anyone who would like to visit the seat of county government should plan to meet at the farm Bureau office u to am. The our will last approximately one hour. Democrat who was appointed on an j interim bad by former gov. Herschel c. Loveless to fill a i vacancy created by the resignation i of John Hansen Manning Democrat. Ditch and struck a Telephone pole Wilkerson a. Not Hurt and the. District. It also places Coad and Corvair was not extensively Damag father Becket s wife who also Smith in the same congressional cd. Grew up in Stevens Point attended District like nearly every other plan Deputy Richard Gray inv Figat Central 61aie College and held a proposed in the legislature so far. Cd. Civil service position with the vet the 1st District would be. Rad cram administration in Milwaukee Mically altered taking Clinton Jack newest nuclear tin y have a nine month old son and Dubuque counties from the in an empty House once occupied i David. Father Beckers brother the 2nd District and losing Lee Van by his father in Law. The a it Varend san Diego Calif. It up it the of with a Shotgun blast. Too Job an official of the Bank for almost 30 years hanged himself Donald Becker is Rector Buren Jefferson Washington Iowa 1 examiner said Job looped the ropes Matthews episcopal Church Ancl Johnson counties to the 4th twice around his neck and tied it the tour county. Is open to anyone in skipper of the Navy s newest Polaris armed nuclear submarine looked up Ancl Down tile 340-foot length of his ship. A it is so symbolic that she should be named said cmdr. W. K. Pappy Sims of Atlanta a. A that lit tic saying of Roosevelt tells of what we Are trying to accomplish with deterrent Home at the North Edge of town Carrie Ford Devault. Of earlham.1 hour later the newly co inhere. Mrs. Devault was the widow of missioner uss Theodore Roose firemen said the alarm was Omer Ford and she and or. Ford wit named for the former turned in at 2 35 . But the Blaze to Barber lived in it. Pleasant for who admonished speak Carrie Ford Devault taken by death or. Lila Lee has received word it destroyed the Charles Dickey 0 the death of her sister in Law. Ottumwa Iowa up ail Early morning lire today caused an estimated $75,000 damage when had progressed so far that All Many years. Softly but carry a big stick was Stead of Europe needing help be cause of the Dollar Gap tire United j Dickey was vacationing in Phoenix states needs assistance to hold its ariz., and was expected Here later Gold Reserve. Today. It copyright. 1961. King features tile cause of the Blaze has not vote or 1 pc Bee determined of i Ciais said efforts to save the Structure prov she is survived by five children. Cruising silently beneath the paed useless. J Glenn Ford. Of Louisiana formerly civic. No one was injured in the fire. An Iowa Wesleyan College student fourth and latest of tile Polaris mrs. Juanita Halferty of Chicago, subs she Demon 111., mrs. Jean Lorton of Sacramento. Calif. Mrs. Marjorie Buck started thursday her capabilities for helping prevent War for the of Rook Island. 111., and mrs. Zeta first contingent of newsmen Ever Palmer of Tucson. Am piped aboard a sub of her . Legislature begins 10-Day recess on the railing of the stairway be two Cen the second floor and the Landing. 1 he left one note addressed to the Bank examiners and one to his on Louis vice president of the Community National Bank. The Des Moines up a the Iowa other ton it cd it vice president of legislature began its 10-Day roid. Uie Iowa Sute savings Bank Here. Session recess about noon today Rev. Arthur p. Becker after Calm quiet sessions in contrast to the previous two Days which were marked by tension and High feeling Over reapportionment. Judicial Reform and a implied consent Drivers licenses. Leopold Ville up a a u. X. Patrol headed toward lulus Bourg today to investigate reports that Lumumba is forces had moved on the capital of Kasai province. Knoxville the county seat of Marion county is about 38 Miles Southeast of Des Moines. Officials said the note addressed to Louis Job said that by the time the note was received Job would be dead. Loin called sheriff Lori. Jarman and tog ther they went to the vacant House and found his body. In addition to his two song Job is survived by his widow and a daughter. Judy who attends Drak j University in Des Moines

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